The Goldman Sachs Group (NYSE:GS) Stock Price Up 0.7%

Shares of The Goldman Sachs Group, Inc. (NYSE:GS) rose 0.7% during trading on Thursday . The company traded as high as $407.86 and last traded at $406.57. Approximately 778,034 shares changed hands during trading, a decline of 67% from the average daily volume of 2,342,566 shares. The stock had previously closed at $403.91.

Analyst Upgrades and Downgrades

GS has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $424.00 to $433.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the company a “market perform” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $445.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Edward Jones started coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Finally, Bank of America increased their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $434.93.

The Goldman Sachs Group Stock Up 0.1 %

The business has a fifty day moving average of $395.67 and a 200 day moving average of $365.35. The stock has a market cap of $131.22 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.12 and a quick ratio of 0.76.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, topping analysts’ consensus estimates of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the company posted $8.79 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 32.76 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.72%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 7,277 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total transaction of $2,763,877.37. Following the transaction, the insider now owns 6,501 shares in the company, valued at $2,469,144.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Kathryn H. Ruemmler sold 7,277 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $379.81, for a total value of $2,763,877.37. Following the completion of the sale, the insider now directly owns 6,501 shares of the company’s stock, valued at $2,469,144.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 4,300 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $380.15, for a total value of $1,634,645.00. Following the completion of the sale, the chief accounting officer now directly owns 11,463 shares of the company’s stock, valued at $4,357,659.45. The disclosure for this sale can be found here. Insiders have sold a total of 35,907 shares of company stock worth $13,950,851 over the last 90 days. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors lifted its position in The Goldman Sachs Group by 6.0% in the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after purchasing an additional 338,181 shares during the period. Morgan Stanley lifted its position in The Goldman Sachs Group by 40.0% in the fourth quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares during the period. Fisher Asset Management LLC lifted its position in The Goldman Sachs Group by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock worth $2,128,693,000 after purchasing an additional 152,474 shares during the period. Massachusetts Financial Services Co. MA lifted its position in The Goldman Sachs Group by 0.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock worth $2,004,153,000 after purchasing an additional 27,524 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in The Goldman Sachs Group by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after purchasing an additional 274,989 shares during the period. 71.21% of the stock is owned by institutional investors.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.